AG Edwards Q1 net rises vs year ago, dips vs Q4

GregMorcroft

NEW YORK (CBS.MW) -- A.G. Edwards shares
AGE, +3.25%
shares fell 3 percent to $35.04 despite reporting strong first quarter earnings. The company earned $46 million, or 57 cents per share on revenue of $661 million. That compares to $28 million, or 35 cents per share of revenue of $556 million a year ago. The results were ahead on Wall Street analysts' consensus estimate. However, the results trailed the firm's earnings from the immediately prior quarter, when the company earned $54 million, or 67 cents per share on $693 million in revenue.

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